Foreign Corporates Make Net Sales Exceeding $16 Million So Far This Month

Foreign corporates were net sellers of a significant $4.3 million today at the Pakistan Stock Exchange. So far in September, foreign corporates have made net sales totaling over $16.6 million. Over the last 30 trading sessions, they have been net sellers of $10.8 million.

Despite this, foreign corporates remain net buyers of $84.7 million year to date.

Local mutual funds have become net buyers over the last thirty trading sessions, though remaining net sellers at the PSX on a year-to-date basis of almost $13 million in net sales.

Insurance companies remain the only major local investors at the PSX that are net buyers on a year-to-date basis, with net purchases totaling $58 million. However, since the last week of August, they have turned into net sellers, and over the last thirty trading sessions, they have accumulated net sales of nearly $9 million.

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